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2. Understanding the role of fixed cost in the short run Aa Aa Consider an airlines decision about whether or not to cancel a particular flight that hasnt sold out. The following table provides data on the total cost of operating a 100-seat plane for various numbers of passengers Number of Total Cost Passengers TC FC VC 10 20 30 40 50 60 70 80 90 100 40,000 60,000 65,000 68,000 70,000 71,000 72,500 73,500 74,000 74,300 74,500 Given the information presented in the previous table, the fixed cost to operate this flight is At each ticket price, a different number of consumers will be willing to purchase tickets for this flight. Use the following demand schedule to complete the questions that follovw

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1. fixed cost is 40,000

2.

TC TR-TC 그oo 21000 1400 36000 74300 заз о о 4 узео 20 0 o 68000 2800 O47000 - у 2 0000 74Soo 345 at a le28 74

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